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The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, has expressed a satisfaction with the measures announced by Finance Minster Arun Jaitly in his maiden budget.

Gold premiums in top consumer India could jump to as much as USD 5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's budget.

The industry has sought reduction in customs duty on gold to two percent, from 10 percent now. The gems and jewellery sector, which employs about 35 lakh people, would get a boost from the move. Gold imports in December declined sharply to 39 tonnes, from 152 tonnes in November.

Jewellers may be happy if the government cuts import duty on gold in Union Budget 2015. Any cut in import duty (currently at 10 percent) is likely to boost gold volume, reduce prices and minimise smuggling.

The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, has expressed a satisfaction with the measures announced by Finance Minster Arun Jaitly in his maiden budget.

Gold premiums in top consumer India could jump to as much as USD 5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's budget.

The industry has sought reduction in customs duty on gold to two percent, from 10 percent now. The gems and jewellery sector, which employs about 35 lakh people, would get a boost from the move. Gold imports in December declined sharply to 39 tonnes, from 152 tonnes in November.

Jewellers may be happy if the government cuts import duty on gold in Union Budget 2015. Any cut in import duty (currently at 10 percent) is likely to boost gold volume, reduce prices and minimise smuggling.

like to BUY more shares on decline, instead of selling the same on `Stop Loss` trigger. Because these two GEMS are for very LONG RACES.
I look forward to your and other learned and experienced boarders` opinion on the same. Regards,